Maybe I should have named this blog "Snuggly Chart" instead.

It is looking like an interim bottom might have formed in the market. Although it could drop tomorrow and continue down. There wasn't great volume, which is a sign it could continue down. At any rate, I would feel comfortable placing a bet at this level. If you keep a tight stop, there is a good risk to reward ratio.

In a sideways market you can try buying the dips and shorting the rallies. It is not really my game. I would be more interested in buying an uptrending stock at the dips and selling only when it breaks its trend.

Some to watch:
GEHL, KMRT, KWK, TSO, URBN

For shorting - keep an eye on the previously mentioned list.

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